Carbon Pulse

Gas rationing this winter looks like an "increasingly likely scenario" according to Anna Borg, CEO of Sweden-based utility Vattenfall, which published financial results on Friday that showed a drop in the company's fossil generation over the first half of 2022. 

The government of Shenzhen is set to auction off 600,000 carbon permits under its pilot emissions trading scheme in early August, with a price floor well below current market levels.

Western Australia’s Environmental Protection Authority (EPA) has received a record number of appeals to its recommendation last month to grant a 50-year extension to Australian Woodside’s giant gas and LNG North West Shelf (NWS) project, it has been revealed.

The spot price for Chinese carbon allowances remained stable this week, but an increase in trading volume failed to excite market participants.

The Australian Parliament returns next week with the Labor government intent on legislating its 2030 emissions reduction target, however it will require the support of the Greens and one independent in the Senate to get through.

Chinese bike-sharing giant Hello has issued a set of benchmarks for industry peers to better calculate carbon emissions reductions, adding new standards to the country's voluntary markets, though users will have to work hard to rack up their certificate holdings.

A daily summary of our news plus bite-sized updates from around the world.

We are currently seeking an ambitious individual to join our team as an Sustainable Finance Associate, working together with colleagues to define, manage and achieve divisional business targets.

An offset project developer and carbon credit vendor has signed an offtake deal to supply funding to an innovative startup to build carbon capture and utilisation (CCU) units that are estimated to trap 5 million tonnes of CO2 per year by 2025.

Carbon Market Business Developer will be required to drive carbon offset sales for the Company across Europe, educate customers on carbon offset opportunities available and promote advisor of choice.

Taking Root is looking for a Content Marketing Specialist to help the organization become a global leader in tropical reforestation and forest carbon. As the Marketing Coordinator, you will lead the creation and dissemination of industry-leading content across all of Taking Root’s channels while building and sharing expertise on market trends within the organization.

For the second time in a month, a forest carbon offset company has accidentally started a large forest fire in Spain.

California Carbon Allowance (CCA) price action calmed in recent days after bearish macroeconomic developments led prices to a four-month low, while RGGI Allowance (RGA) values also stabilised after back-and-forth legal developments in Pennsylvania’s court battles concerning its programme membership.

Chile and New Zealand on Thursday announced they will look into a new mechanism under the Paris Agreement’s bilateral trading provision to generate emissions reductions beyond the South American country’s climate goals and generate carbon credits for the South Pacific nation.

BloombergNEF (BNEF) are seeking a talented, highly-motivated individual to analyse voluntary carbon markets and corporate sustainability commitments as part of our sustainability research team.

EU nations are split and carbon market participants anxious over potential mandated gas demand cuts proposed this week, but multiple analysts said it would take a deep recession to drag ETS-covered emissions lower than 2021 levels given the significant rise in coal burn expected this year.

Low-income neighbourhoods and communities of colour in RGGI member states are seeing fewer benefits from the power sector cap-and-trade programme than whiter, more affluent areas, according to new research published Wednesday.

Wildfires were the main driver of California tree cover loss over the past four decades, and worsening climate change may exacerbate the situation further and deplete the state’s forest offset buffer pool, according to a new study.

US Senator Sheldon Whitehouse (D) continues his battle for a US carbon border adjustment mechanism (CBAM), with bipartisan support for the measure very likely necessary given Congress' current failure to pass climate legislation through budget reconciliation.

Nature-based voluntary carbon market prices slipped to around $8 Thursday morning UK time to compound a sharp fall Wednesday, likely triggered by a US fund selling positions, sources said.